Civeo (NYSE: CVEO) CFO records equity awards, issuer and tax share disposals

Rhea-AI Filing Summary

Civeo Corp senior vice president, CFO and treasurer Gerry Elbridge Collin reported several equity-related transactions on common and phantom shares. He exercised or converted 3,701 phantom shares, economically equivalent to common shares, that vested on February 23, 2026, and received 3,701 common shares at a price of $0.00 per share. The same day, 3,701 common shares were disposed of to the issuer at $27.67 per share and 605 common shares were disposed of to cover tax obligations at $27.67 per share. He also acquired a grant or award of 1,740 common shares at $0.00 per share under Civeo’s 2014 Equity Participation Plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gerry Elbridge Collin

(Last) (First) (Middle)

333 CLAY STREET

SUITE 4400

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Civeo Corp [ CVEO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/23/2026		M		3,701	A	$0(1)	5,833	D
Common Shares	02/23/2026		D		3,701	D	$27.67	2,132	D
Common Shares	02/23/2026		A		1,740(2)	A	$0	3,872	D
Common Shares	02/23/2026		F		605	D	$27.67	3,267	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	02/23/2026		M			3,701	(1)	(1)	Common Shares	3,701	$0	19,472	D

Explanation of Responses:

1. Each phantom share is the economic equivalent of one Civeo Corporation common share and is payable in cash. The phantom shares vest at various times based on grant date. 3,701 shares vested on February 23, 2026.

2. Settlement of performance share award under the 2014 Equity Participation Plan of Civeo Corporation that cliff vested at 47% on the third anniversary of February 23, 2023.

Remarks:

	/s/ E. Collin Gerry, by Bradley J. Dodson, Attorney-in-Fact	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What equity transactions did Civeo (CVEO) CFO Gerry Collin report?

Gerry Collin reported exercising 3,701 phantom shares into common stock, disposing of 3,701 common shares to the issuer, disposing of 605 shares for tax withholding, and receiving a grant of 1,740 common shares, all on February 23, 2026.

What price was used for Civeo (CVEO) CFO Gerry Collin’s share dispositions?

Both the 3,701-share disposition to the issuer and the 605-share tax-withholding disposition were recorded at $27.67 per common share, reflecting the value used for these non-open-market transactions on February 23, 2026.

Did Civeo (CVEO) CFO Gerry Collin buy or sell shares on the open market?

The reported actions were derivative exercises, an issuer disposition, a tax-withholding disposition, and a share grant. None are classified as open-market buys or sells; they relate to equity compensation and associated settlements instead.

What are Civeo (CVEO) phantom shares held by the CFO?

Each phantom share is economically equivalent to one Civeo common share and is payable in cash. Phantom shares vest over time based on grant date, with 3,701 phantom shares vesting for Gerry Collin on February 23, 2026.

What new equity award did the Civeo (CVEO) CFO receive?

Gerry Collin received a grant or award of 1,740 common shares at $0.00 per share. The award was reported as issued under Civeo Corporation’s 2014 Equity Participation Plan on February 23, 2026.